Gateshead owner Richard Bennett admitted he had thought about folding the club after a takeover deal collapsed – but says he will continue to run it until a buyer can be found.
Bennett, co-owner with his wife Julie, announced this week that a deal with a Singapore-based businessman was off after the would-be buyer couldn’t satisfy National League criteria.
Gateshead will revert back to a part-time model next season, as they look to cut their costs with the Bennetts unable to put any more of their own money into the running of the club. The future of manager Steve Watson is set to be resolved in the next 24 hours, with the club hoping he will stay, but Bennett admits he wasn’t sure if there would be a club at one stage over the weekend.
“Myself and Julie and Brian had some chats about the future of the club,” he told the North East Football Podcast. “I’m not going to deny, administration and liquidation were certainly part of that process because we’re at a point where we can’t put any more money in.
“We didn’t want to be the ones to fold the club and we felt maybe we could operate on a reduced cost. We did seriously think about folding as an option.”